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NON-QM Loans

Non Qm stands for Non Quality mortgage. This does not mean that this is a “bad” loan, it simply means that these loans do not follow the same standards, guidelines, and underwriting criteria as your more commonly known Fannie, Freddie, and FHA loans or “QM” loans.

Non Qm Loans are for clients who do not fit in the standard income / qualification box. These loans are best for clients who are self-employed and who want to use their business’ income and bank statements for qualifying.

We have numerous lenders that specialize in these kinds of loans. Rates do vary based on qualifications but it gives those who do not fit the “normal” Mortgage mold an opportunity at home ownership. These are available for both purchase and refinance.

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